Casualty Actuarial Society

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Ronald Bornhuetter – In Memoriam

10/20/2008 —

The Casualty Actuarial Society (CAS) lost one of its most well-known and influential members when Ronald Bornhuetter, 76, died on October 16, 2008 in Greenwich Hospital after battling cancer.

Ron earned his Fellowship in the CAS in 1957 and served as CAS President in 1975. He was a consistent presence at CAS meetings, having attended more than 100 Society annual and spring meetings over his 51 years as a member. In 1972, he co-authored the award winning paper “The Actuary and IBNR,” which is still considered to be the standard model for determining loss-reserving procedures for liability lines of the insurance business. The paper was awarded the CAS’s Dorwelier Prize in 1973. In 2006, the CAS renamed its Reserves Prize the Ronald Bornhuetter Loss Reserve Prize to commemorate Ron’s contributions to actuarial science. In addition to his CAS service, Ron also served as President of the American Academy of Actuaries and Chairman of the Actuarial Standards Board.

According to the obituary in today’s Stamford Advocate, visitation will be at the Leo Gallagher & Son Funeral Home in Greenwich on Tuesday, October 21 from 6:00-8:00 p.m. with the funeral service on Wednesday, October 22 at 9:30a.m. at the First Presbyterian Church, Greenwich CT. In lieu of flowers, the family requests that gifts be directed to the College of Wooster, Care of Development Office 1101 North Bever Street Wooster, OH 44691.

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